Takasago International to book gain on investment securities sale
Takasago International Corporation announced today the finalization of gains from the sale of investment securities. As initially disclosed on February 13, 2025, the company is selling cross-shareholdings to enhance capital efficiency and cash flow. The sale involves securities of seven listed companies. The company anticipates a gain of JPY 2,586 million in its individual financial statements for the fiscal year ending March 31, 2025. At the consolidated level, the company expects to record JPY 2,709 million as extraordinary income, inclusive of gains from investment securities held by group companies. Takasago notes this gain has already been incorporated into its revised financial forecast released on February 13, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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